Two Or Three Top Insights To Analyze Before The Start Of A New Week

By Rubikkav | Rubikkav Insights | 14 Oct 2023

With Great Strength

When this Insight was written LQTYUSDT $LQTY was trying to break the resistance of the last lower daily closing point (PDH) at approximately $1.3779 and with a projection towards approximately $$1.4898.

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For the bears side, it is advisable to wait until it reaches the weekly maximum point at more or less $1.5348, but a good trend break point is below $1.2406, with a flat equilibrium projection between $1.724 and $1.421.

Constant Accumulation

For those who probably do not have a clear view of BNXUSDT a critical breakout point is located at the lowest daily closing price (PDL) at exactly $0.2484.

If the asset recovers for the previous point, it will undo long positions 📈, due to the false breakout and will take the price to the maximum daily closing point (PDH) at $0.2845 and with an approximate valuation of 15.32%.

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For the bear side 📉, we advise waiting for the break of the lowest daily closing point (PDL), keeping in mind the confirmation of the bearish trend and taking profits starting from $0.2419 and up to the balance point located between $0.2419 and $0.2367.

Above the mentioned PDL, it is not advisable to open short positions because there may be a tendency to reach false breakout points and invalidate the correct direction of the trend. On the contrary side, that is, the bulls, it is always good to evaluate rebound criteria.

Golden Cross

Bitcoin continues to seek the weekly gold crossover between the 50-period moving average and the 200-period moving average.

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After an indecision candle, followed by a low candle, the least expected is that the price will look for approximately $24881.63.

See you next time...

Last article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. Remember that all information presented here is a combination of third party data added to our personal opinion.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Rubikkav.

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